Automation is inevitable in the world of forex trading. Forex robots, also known as Expert Advisors (EAs), can simplify your trading by executing trades automatically. However, there are many options out there for choosing the right one for your trading style and goals.
This page can help. We’ve put together a guide that cuts through the noise and brings you a curated list of the best forex robots in 2024. This is not just a list of some popular bots. These forex automated traders have been thoroughly tested by our team across various criteria.
The main factors we considered were profitability and historical performance, transparency, customer support, and more. We also looked at real customer feedback to compile our list. Our team has done the legwork so you can focus on making the best decisions and help take your FX trading to the next level.
1. Perceptrader AI
Overview
Perceptrader AI combines the skills and expertise of pro forex traders with the power of artificial intelligence. Developed by Valeriia Mishchenko, the developer behind the successful Waka Waka EA, it uses deep learning algorithms to analyze vast amounts of data and identify profitable trades.
Pros
- High prediction accuracy
- Integration with ChatGPT and Google Bard
Cons
- High initial costs
- Requires technical support
Fees
A lifetime subscription costs $2200, a one-time fee which gives you access across up to 10 MT4 or MT5 accounts and free updates. The forex robot also includes an installation guide, personal support from the developer, and access to a unique Telegram group.
| Features | Perceptrader AI Summary |
|---|---|
| No. of Trading Assets | 50+ |
| Min. Deposit | N/A |
| ID Verification Required | No |
| Free Demo Account | Yes |
| Supported Assets | Currencies |
| Mobile Trading App | Yes |
| Web Trading Platform | Yes |
2. Waka Waka
Overview
Waka Waka is an EA designed by Valeriia Mishchenko, boasting over 60 consecutive months of profits, recorded and verified via MyFXBook. It offers the opportunity for 80+% yearly gains with less than 30% drawdown.
Pros
- High profit rate
- Stable performance
Cons
- High initial costs
- Limited customization options
Fees
$2000 one-time cost for a lifetime license. The lifetime license gives you 10 MT4 or MT5 accounts, free updates for the forex bot, and access to an exclusive Telegram group, along with 3 trading sets, a strategy guide, and more.
| Features | Waka Waka Summary |
|---|---|
| No. of Trading Assets | 50+ |
| Min. Deposit | N/A |
| ID Verification Required | No |
| Free Demo Account | Yes |
| Supported Assets | Currencies |
| Mobile Trading App | Yes |
| Web Trading Platform | Yes |
3. Golden Pickaxe
Overview
Golden Pickaxe is the best gold trading system EA on the market. Led by renowned EA developer Valeriia Mishchenko, Golden Pickaxe is a grid trading bot that gives you the opportunity to generate up to 25+% monthly profits consistently.
Pros
- Adjustable risk settings
- Stable performance
Cons
- Limited support for other markets
- High initial costs
Fees
$1850 one-time fee for a lifetime license.
| Features | Golden Pickaxe Summary |
|---|---|
| No. of Trading Assets | 1 |
| Min. Deposit | N/A |
| ID Verification Required | No |
| Free Demo Account | Yes |
| Supported Assets | Commodities |
| Mobile Trading App | Yes |
| Web Trading Platform | Yes |
4. Evening Scalper Pro
Overview
Evening Scalper Pro uses a unique trading system for trading the late evening forex markets. Its mid-range scalping strategy has generated consistent profits for over two years, verified on MyFXbook.
Pros
- High success rate
- Stable profits
Cons
- Limited flexibility
- Experience required for optimization
Fees
$2200 for a lifetime subscription. Discounts are sometimes available.
| Features | Evening Scalper Pro Summary |
|---|---|
| No. of Trading Assets | 50 |
| Min. Deposit | N/A |
| ID Verification Required | No |
| Free Demo Account | Yes |
| Supported Assets | Currencies |
| Mobile Trading App | Yes |
| Web Trading Platform | Yes |
5. Night Hunter Pro
Overview
Night Hunter Pro is an advanced scalping system that delivers verifiable long-term growth. Designed for trading during low volatility periods, it uses smart algorithms to find safe entry and exit points on leading currency pairs.
Pros
- Long-term stability
- High success rate
Cons
- Experience required for optimization
- Limited support for other markets
Fees
Costs
$2200 for a lifetime subscription. This gives you three trading sets, a strategy guide, free updates, and much more, including access to an exclusive Telegram group containing expert traders.
Features
| Features | Night Hunter Pro Summary |
|---|---|
| No. of Trading Assets | 50 |
| Min. Deposit | |
| ID Verification Required | No |
| Free Demo Account | Yes |
| Supported Assets | Currencies |
| Mobile Trading App | Yes |
| Web Trading Platform | Yes |
| Regulatory Bodies | |
| Learn More > | Night Hunter Pro > |